News

China key money rate falls to 13-month low on ample funds - Reuters

05/23/12

Key 7-day repo rate at 2.4267 pct, lowest since April 2011 * With cash ample, little demand for interbank loans * Dealers take cue from low opening * China targets infrastructure to lift economy - report By Chen Yixin and Gabriel Wildau SHANGHAI ...

[more]

Enerjia to continue sueing Erdemir in bankruptcy case. - SteelGuru

05/23/12

Turkish major steel export company Enerjia, had initiated bankruptcy case against Turkey’s Erdemir steel mill on 22.04.2010 for an amount of USD 68.5 million (plus interest and legal fees) claiming that Erdemir failed to fulfill its contractual ...

[more]

Mall owners file for bankruptcy - MENAFN

05/22/12

WALLA WALLA, May 22, 2012 (Walla Walla Union-Bulletin - McClatchy-Tribune Information Services via COMTEX) -- The owners of the defunct Blue Mountain Mall property have filed for bankruptcy in a move that postpones another auction proceeding that had been ...

[more]

OneUnited squares off with church in bankruptcy court - Boston Herald

05/22/12

The church has proposed repaying the $1.1 million over the next three decades as part of a bankruptcy restructuring. But OneUnited has asked Bailey to throw out the case because it believes the church is just a unit of the AME movement’s First District ...

[more]

OneUnited squares off with church in bankruptcy court - Boston Herald

05/22/12

The church has proposed repaying the $1.1 million over the next three decades as part of a bankruptcy restructuring. But OneUnited has asked Bailey to throw out the case because it believes the church is just a unit of the AME movement’s First District ...

[more]

OneUnited squares off with church in bankruptcy court - Boston Herald

05/22/12

The historic Charles Street AME Church’s lender argued in court today that the Roxbury congregation can’t avoid foreclosure by filing bankruptcy because it’s just an arm of the cash-rich African Methodist Episcopal movement. “Whose property is it anyway?”

[more]

Chapter 7 Bankruptcy Trustee Allison D. Byman Joins Hughes Watters Askanase as Of Counsel - Business Wire

05/22/12

HOUSTON--(BUSINESS WIRE)--Allison D. Byman recently joined Hughes Watters Askanase, L.L.P. (HWA) as Of Counsel in the firm’s Business Bankruptcy Practice Area. In addition to her regular business bankruptcy practice, Allison is the newest Chapter 7 Panel ...

[more]

Alex Hotel, Flatotel Owners File for Chapter 11 Protection - GlobeSt. com

05/22/12

Join the thousands of real estate professionals that subscribe to the New York AM Alert. Each and every morning, we deliver the important stories, data, analysis…as well as the opinions and insights of industry thought leaders to provide you with market ...

[more]

Chapter 7 Bankruptcy in 7 Steps: The Bankruptcy Discharge - jdsupra.com

05/22/12

The day you receive your bankruptcy discharge is similar to those Christmas mornings back when you were a kid. You wait and wait for the day to arrive, and then, finally it arrives. Your discharge is entered. All those days, months, and even years of ...

[more]

Ret. Pilot Lucky to Leave AA Before Bankruptcy - msnbc.com

05/22/12

Hundreds of pilots retired from American Airlines just before the company filed for bankruptcy. Most consider themselves lucky to leave with a big pension, especially those who took a lump-sum payout. A record 129 pilots who retired in before American ...

[more]